“My in-laws have now lost, based on average prices, just over $80K on their 2011 purchase. They claim, however, that they could get about $100K more for their place today than when they bought it. Strange.”

“My in-laws (who purchased a modest place in the Sunrise-Hastings area of East Vancouver just over a year ago, have now lost (based on average prices) just over $80K. They claim, however, that they could get about 100K more for their place today than when they bought it. Strange.”
– oneangryslav2 at VCI 12 Jun 2012 4:19pm

52 responses to ““My in-laws have now lost, based on average prices, just over $80K on their 2011 purchase. They claim, however, that they could get about $100K more for their place today than when they bought it. Strange.””

And just because prices of SFH are down 12% on average it doesn’t mean every property is down 12%. That’s like saying that everyone you’ll meet today will be exactly average height, no more no less. Statistics 101.

Regarding the post earlier this week showing Richmond listings from my iPhone app. This app was removed from the AppStore last year. It was working fine until I sent the photos to vreaa. Now when I search that same Richmond area with the attached properties, it shows under 10 listings in that area. Which is bs, because there were over 200 listings. Its obvious that someone saw that post here and quickly made the changes. See what they don’t want people to know?? Richmond is screwed anyways, but why hide this? Its likely the doing of the CREA bacause they were the reason the app was removed for downloading in the first place.

Squamish seems to have lost about 45% of it’s listings from about 435ish to 235. The MLS says that there are only 5 town houses for sale in all of Squamish. Last time I looked there were 9 in the complex I’m in alone.

i’m reading some disturbing news today, but to what extent it has on the mass disappearance of RE listings, i do not know. For starters, there is news that there may be a severe quake in Japan, within hours or days. Yellow water has been found in Osaka bay, which indicates a mass fish kill that is traced to escaped gas, an indicator of quakes to come. The second thing is that the market in North America acted very strange in the late afternoon session, on news of a coordinated G20 rescue package for Europe. This by itself is not so unusual, but the tone of the message is that they are coordinating for something entirely different. The third thing is the mobilization of Russia’s military, which would, of course, mobilize the military of other nations.

I know a thing or two about astrology, and I can tell you that we’re about to experience a New Moon (Sun and Moon conjunct) at a very sensitive spot, on June 19, at 28°Gemini, which is opposite the Galactic Center at 27°Sagittarius. It’s not a mystery between astrologers that these two positions invite gravity waves to ring earth’s bell. The Banda Aceh quake and Tsunami is the best example in recent history.

Further, there is now news that Trading will be suspended on Sunday (for the traders in North America who are betting on the action in East Asia Monday session).

all these are just stories i’ve read the last hour or two… very fluid time now…

your neighbour might want to read a number of posts I made, about Pluto’s mass subconscious destructive energy in Capricorn with House 3 qualities, over at http://www.voy.com/64855/ My handle at this forum is ‘faloffal’

conjecture … it’s so ridiculous-looking now … maybe already too late and eu numbskulls just can’t make nor enact any decisions in time to matter … everyone else with xerox ready will have to save their own banks when it goes down

1. The gravitational effects of the bodies you mention have close to zero gravitational influence on Earth compared to, say, the Sun.
2. There’s currently no scientific means to predict earthquakes.
3. What does any if this pseudo-science nonsense have to do with real estate?

I am kind of enjoying your perspective, Paul. I had not heard anything about a trading ban either so the heads up was helpful. I will have to get out of my usual rut and look at some other sites tonight and see what’s going on. Mostly I ignore Greece because I do not honestly think it is going to have a serious impact on Europe or on us by it’s departure. But if you are worried by the alighments I have time to listen.

I think this is true. I live in Hastings-Sunrise and pay a lot of attention to what things are listed and sell for…. and things are listing and selling for about what they were last year. People trying to get over a million for their places? They are out of luck – but there is a limited amount of stuff in that neighbourhood, and it’s selling for between $700,000 and $900,000, generally close to list prices. Even tear-downs on tiny lots are selling for $650,000. I’m not saying that’s going to continue, but at the moment things seem to be moving and for prices that are similar to last summer.

Commercial Drive area is selling well and quite a few are still going above asking. the east side has been underpriced compared to the west side and now people are beginning to realize it’s a good buy. It’s closer to downtown and better transit.

What’s going on with MLS? I was just on realtor.ca
Almost all the 2 bedroom condos in Hastings Sunrise have disappeared
Most of these listings have been sitting there for months, but one higher end condo is still showing up.
This stinks of Realtor Misinformation, just like their new “index” that showed Vancouver prices up 3%.

I once lived in a building where half the units didn’t sell and so the developer took them off and offered them as rental suites for a number of years. Could be that after sitting for a long time (those ones right on hastings for example) they have decided to go this route?

Perhaps, I don’t think there’s any conspiracy. Cost of advertising, market strategy. Brings potentials to an area and let signage an personal selling do the rest.

What it does show, is that they are changing their marketing game as a product goes from introductory, growth and maturity. of product– branding, cost, location, features, perception. Somewhere the ad $ is spent, likewise I usually do a thumb count on craigslist Friday.

Holy Shit! I rent a (nonshitty and relatively affordable) basement suite near there. I know that house.

Let me put it this way- For the first time since I move to Vancouver four years ago, I’m seeing “For Sale” signs stay up more than a week in the Point Grey area and price reduced notifications added. Something is up. Every block has a house for sale and they’re not moving.